OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange for the sale of this 22’ wide, 6-story, 10,208 square foot elevator building. The subject property is on the north side of East 17th Street between First and Second Avenues in Manhattan’s Gramercy Park neighborhood. The building was previously used by Beth Israel Hospital as a residential treatment facility, but it is currently leased to a homeless shelter whose lease can be terminated with 90 days’ notice. The facility has offices / lobby area on the ground floor with a back patio. Floors 2-6 have three 1-bedroom units on each floor with a shared one and a half bathroom. There are two bedrooms in the front and one bedroom in the rear. Located in a prime location near Gramercy Park, Friends Seminary School, and some of New York City’s best restaurants and shopping, the property sits directly across from Stuyvesant Square Park. This otherwise quiet block lies conveniently at the convergence of the exclusivity Gramercy has to offer with the bustling Union Square and the vibrant the East Village steps away. This location also has premiere accessibility located two blocks from the First Avenue L Subway Station and it is also a short walk away from the 14th Street – Union Square Subway Station offering access to the 4, 5, 6, N, Q, R and L Subway Lines.